Compound Interest

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Compound Interest and Your Return

How interest is calculated can greatly affect your savings. The more often interest is compounded, or added to your account, the more you earn. This calculator demonstrates how compounding can affect your savings, and how interest on your interest really adds up!

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Definitions

Investment Amount: The amount of your initial investment.
Interest Rate: The annual interest rate for your investment.
Years: Number of years for this investment.
Yearly APY: Annual percentage yield received if your investment is compounded yearly.
Quarterly APY: Annual percentage yield received if your investment is compounded quarterly.
Monthly APY: Annual percentage yield received if your investment is compounded monthly.
Daily APY: Annual percentage yield received if your investment is compounded daily.
 
2001 KJE Computer Solutions,
Financial Calculators from www.dinkytown.net
(612) 532-4194
1730 New Brighton Blvd. PMB #111
Minneapolis, MN 55413

KJE Computer Soltuions' information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. More Information.
 

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